Altering the State income tax credit for child and dependent care
expenses to equal 50% of the federal child and dependent care credit,
increasing the credit by 10% each year until reaching 100% of the
federal credit; increasing from $50,000 to $70,000 the maximum income
for eligibility for the credit and from $25,000 to $35,000 in the case
of a married individual filing a separate return; altering income
levels at which the credit is phased out; applying the Act to tax
years after 2001; etc.